Documents & Reports

Philippines monthly economic developments (April 2018) (English)

Abstract

The Philippine Stock Exchange index (PSEi) continued its decline in March as global financial markets experienced renewed volatility. Heightened policy uncertainty in the global markets and a hike in the U.S. Federal Reserve rate contributed to a weakening...
See More +The Philippine Stock Exchange index (PSEi) continued its decline in March as global financial markets experienced renewed volatility. Heightened policy uncertainty in the global markets and a hike in the U.S. Federal Reserve rate contributed to a weakening of the Philippine peso. Exports contracted for the first time since November 2016, while import growth continued to grow in double-digits. Manufacturing activities sustained their rapid growth from February. Inflation overshot the upper bound of the central bank's target range in March. Domestic credit growth increased further in February. The government registered a fiscal surplus in January as revenue expanded faster than expenditure. Consumer sentiment dropped heavily in the first quarter of 2017.
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